Posted on

Regional Container Line (RCL) explores trade opportunities in BARMM

RCL Delegation (Abdul Razak Bin Atan, RCL Regional Head of South East Asia, Jess Sedano, RCL Philippine Country Representative, and Marlon de Guzman, General Manager of Eagle Express for South Philippines, RCL Agent) with BARMM Transport Minister Paisalin Tago, BARMM MOTC Director General Lai Maniri, EDC Transport Committee Chairman and RESPOND Chief of Party Dr. Henry Basilio, BARMM Business Council Chairman Atty. Ronald Torres, BARRM Board of Investments Governor Habib Ambolodto, Mindanao Development Authority (MINDA) Director Joan Barrera, and representatives from the BARMM Economic Zone Authority and Polloc Freeport and Mindanao Development Authority (MINDA).

A delegation from the Regional Container Line (RCL), headed by its Mr. Abdul Razak Bin Atan (Regional Head of South East Asia) visited Cotabato City in February to assess the potential trade/cargo traffic to/from BARMM and its environs with the objective of establishing a shipping route between Singapore and Cotabato City.  This effort is part of RCL’s initiative of expanding its service to the Philippines by looking at opportunities in Mindanao especially in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

Continue reading “Regional Container Line (RCL) explores trade opportunities in BARMM”
Posted on

RCEP ratification foresees massive export and import growth

The Senate concurred voting 20-1-1 on the ratification of the Regional Comprehensive Economic Partnership (RCEP), the world’s largest Free Trade Agreement (FTA) by far among Asia-Pacific nations, on 21 February 2023.  The RCEP is a Free Trade Agreement (FTA) that aims to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership framework to liberalize and facilitate trade in goods and services. It will also create a liberal, facilitative, and competitive regional investment. Economists supported this, particularly the National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan, who is optimistic that this FTA will fuel the Philippines’ economic growth. 

Continue reading “RCEP ratification foresees massive export and import growth”
Posted on

BIR mandated to handle DOF OSS on tax credit and duty drawback

President Ferdinand R. Marcos, Jr. on his administration’s policy in right sizing bureaucracy, and on the recommendation of Sec. Benjamin Diokno ordered the abolishment of the DOF (Inter-Agency Tax Credit and Duty Drawback Center) OSS Center) and transfers the mandate to the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC), to assure the orderly and expeditious processing of tax credits and duty drawbacks under various laws. 

Continue reading “BIR mandated to handle DOF OSS on tax credit and duty drawback”
Posted on

BSP expects 6% GDP growth by the end of the year

Bangko Sentral ng Pilipinas (BSP) Governor Dr. Felipe M. Medalla reported in depth the topic “In Pursuit of Price Stability Challenges and Opportunities,” highlighting that the country’s gross domestic product (GDP) is expected to increase up to 6% amidst pent-up demand together with the target range of easing the inflation within the two to four percent by the end of the year 2023. 

Continue reading “BSP expects 6% GDP growth by the end of the year”
Posted on

PSAC linked partnership with government towards economic growth

The Private Sector Advisory Council (PSAC) linked strong partnerships with the government towards economic growth.  Mr. Sabin Aboitiz – PSAC Lead Convenor and President and CEO of Aboitiz Group, laid out the country’s economic policy directions with the government. The PSAC focuses on six sectors, mainly on 1) Digitalization, 2) Basic Infrastructure, 3) Agriculture, 4) Healthcare, 5) Tourism, and 6) Jobs. 

Continue reading “PSAC linked partnership with government towards economic growth”
Posted on

ITC Synergizes with BOI and ARISE Plus Philippines to strengthen Industrial policy

The International Trade Centre (ITC), in collaborative partnership with the DTI Board of Investments (BOI) and ARISE Plus Philippines, jointly synergized a Public-Private Dialogue (PPD) on ‘Innovating Industrial Policy in the Philippines. The initiative aims to explore and strengthen industrial policies as follows:

Continue reading “ITC Synergizes with BOI and ARISE Plus Philippines to strengthen Industrial policy”
Posted on

Philippines Way Forward to Full Digitalization

Technology undeniably benefits society. Mr. Anthony Patrick Chua, Philippines Lead Staff of the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), expounded on the topic entitled “Facilitating the digital led transformation in the Philippines’ – Opportunities and Challenges” which covers the following current legislative measures benefitting the Philippines and the region: (1) Public Service Act; (2) Foreign Investment Act; (3) Retail Trade Liberalization Act; and (4) E-Commerce Roadmap.

Continue reading “Philippines Way Forward to Full Digitalization”
Posted on

ARTA and 8888 CCC signs Agreement on Unresponsive Agencies

The Anti-Red Tape Authority (ARTA) and the 8888 Citizens Complaint Center (CCC), under the auspices of the Office of the President, officially signed the Memorandum of Agreement (MOA), systemizing the public feedback mechanism on stakeholders’ complaints against unresponsive agencies and authorizing the 8888 CCC to file formal complaints against said unresponsive government institutions with ARTA to ensure prompt action and resolution.

Continue reading “ARTA and 8888 CCC signs Agreement on Unresponsive Agencies”